Kimelman & Baird LLC Sells 2,273 Shares of The TJX Companies, Inc. $TJX

Key Points

• Kimelman & Baird LLC's holdings in The TJX Companies, Inc. are valued at $41.17 million, making up 3.5% of their portfolio after a 0.7% decrease in shares.
• The TJX Companies reported a 5.1% year-over-year revenue increase in its latest quarter, with earnings per share of $0.92, exceeding estimates by $0.02.
• A recent dividend of $0.425 per share was declared, representing an annual yield of 1.3% and a payout ratio of 40%.

Kimelman & Baird LLC lessened its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 0.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 338,010 shares of the apparel and home fashions retailer's stock after selling 2,273 shares during the quarter. TJX Companies makes up about 3.5% of Kimelman & Baird LLC's investment portfolio, making the stock its 12th largest position. Kimelman & Baird LLC's holdings in TJX Companies were worth $41,170,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. TCTC Holdings LLC lifted its position in shares of TJX Companies by 210.1% during the 1st quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock worth $26,000 after buying an additional 145 shares during the period. Atlantic Edge Private Wealth Management LLC lifted its position in shares of TJX Companies by 58.8% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock worth $36,000 after buying an additional 110 shares during the period. Iron Horse Wealth Management LLC lifted its position in shares of TJX Companies by 99.3% during the 1st quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock worth $36,000 after buying an additional 149 shares during the period. Inlight Wealth Management LLC bought a new position in shares of TJX Companies during the 1st quarter worth approximately $37,000. Finally, Rialto Wealth Management LLC lifted its position in shares of TJX Companies by 105.9% during the 1st quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock worth $42,000 after buying an additional 179 shares during the period. 91.09% of the stock is currently owned by institutional investors.

Insider Buying and Selling at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of the business's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total transaction of $121,685.50. Following the completion of the sale, the director directly owned 22,712 shares of the company's stock, valued at $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.13% of the company's stock.

TJX Companies Stock Up 1.0%

Shares of TJX Companies stock traded up $1.37 during trading hours on Tuesday, reaching $134.43. 6,408,520 shares of the company's stock were exchanged, compared to its average volume of 5,288,738. The TJX Companies, Inc. has a fifty-two week low of $111.22 and a fifty-two week high of $135.85. The stock has a market cap of $150.17 billion, a P/E ratio of 31.63, a P/E/G ratio of 3.09 and a beta of 0.89. The company has a 50 day moving average of $126.05 and a two-hundred day moving average of $125.16. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.34.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.02. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The firm had revenue of $13.11 billion for the quarter, compared to analysts' expectations of $13.01 billion. During the same period in the prior year, the firm earned $0.93 EPS. The business's revenue was up 5.1% on a year-over-year basis. TJX Companies has set its FY 2026 guidance at 4.340-4.430 EPS. Q2 2026 guidance at 0.970-1.000 EPS. On average, sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be issued a $0.425 dividend. The ex-dividend date is Thursday, August 14th. This represents a $1.70 annualized dividend and a yield of 1.3%. TJX Companies's payout ratio is presently 40.00%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. JPMorgan Chase & Co. boosted their target price on TJX Companies from $130.00 to $145.00 and gave the stock an "overweight" rating in a report on Monday, June 2nd. Telsey Advisory Group restated an "outperform" rating and issued a $150.00 price objective on shares of TJX Companies in a research report on Wednesday, August 13th. BMO Capital Markets restated an "outperform" rating on shares of TJX Companies in a research report on Wednesday, May 21st. Citigroup upgraded shares of TJX Companies from a "neutral" rating to a "buy" rating in a research report on Wednesday, May 21st. Finally, Morgan Stanley set a $140.00 target price on shares of TJX Companies and gave the company an "overweight" rating in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $141.33.

TJX Companies Company Profile

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.